Regulatory Alerts2018-08-28
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Consultation on Review of MAS 105 on Insurers’ Appointment of Custodians and Fund Managers - Response to Feedback
The Monetary Authority of Singapore issued this circular to acknowledge and respond to stakeholder feedback received on its 2016 consultation regarding the review of MAS Notice 105. The notice confirms that MAS has carefully considered all comments submitted by insurers concerning the appointment of custodians and fund managers. The full response to feedback is published on the MAS website, and insurers are directed to contact their liaison officers for further clarification.
Circular No. ID 09/18 28 August 2018 To Chief Executives All Insurers Dear Sir/Madam CONSULTATION ON REVIEW OF MAS 105 ON INSURERS’ APPOINTMENT OF CUSTODIANS AND FUND MANAGERS
- RESPONSE TO FEEDBACK On 9 November 2016, the Monetary Authority of Singapore (“MAS”) issued a consultation paper to seek feedback on the review of MAS 105 on appointment of custodians and fund managers. 2 MAS would like to thank all respondents for their feedback. We have carefully considered the comments received and our response is available on the MAS website (www.mas.gov.sg). 3 Please contact your company’s liaison officer in MAS should you require further clarification. Thank you. Yours faithfully [sent via MASNET] DANIEL WANG EXECUTIVE DIRECTOR INSURANCE DEPARTMENT
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